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Article: Ticket business boom powered by Las Vegas shows: discount offerings racked up sales of $7.5 million in 2007.(EVENTS)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 19, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHILE ticket sales for everything from movie seats to theatrical performances have become a victim of a slowing economy, business for one local discount ticket broker has been booming.
Tix Corp., which was listed as TIXC on the Nasdaq exchange earlier this month, is predicting a 40 percent increase in ticket sales this year to over 1 million sold for a variety of Las Vegas shows. Sales generated $7.5 million in fees and commissions for the company in 2007, according to the company's Securities and Exchange Commission filings.
Studio City-based Tix operates five discount ticket booths along the Strip in Las Vegas under the name Tix4Tonight. It sells ...